Possible Stop below 3.42 ABC pattern valid only if price hits break out in a confirmed up trend Possible T2: 11 to 13.5 Not a recommendation
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PLEASE NOTE: These are solely my own ideas, and certainly not "generally accepted", lol. These are some thoughts on how to deal with distinguishing PRZs for the similarities in Cypher and Shark harmonics. Both are viable, but the range of XD retracements always (at least for me) raises questions. From .786 to 1.13 can be a rather large area. This illustration...
I like the way the chart looks. The upside might be even greater than the RR I charted. tread your path
Blue Zone = Buy Level Green Zone = Target Level Red Zone = Stop Loss
Only enter if it breaks the double top, if not SHORT
Long NGL as today it has finally broken to the upside of its recent daily channel downtrend. Price target of 20. Stop at 17.50. If you follow my 10000 USD base account recommendations I advise taking a 100 share position.
Such a nice Bullish Crab it has formed over the past few years. Long price target 1, $21, target 2, $31.
Due to recent energy sector bullishness I think NGL has the potential to hit a target of 10.84 and maybe even 11.84. I have setup a limit-buy at 7.93 with a stop at the low of the day $7.52. The Targets 11.84 and 10.84 have reward:risk ratios of 9:1 and 7:1, respectively. This trade needs to work before April 17th. I will also exit this position if a long...